India faces a financial crisis and falling of our domestic currency ( owing alot to the Euro-crisis) is just one of the indications. In the past year, it has fallen by around 26% affecting the country’s imports.In such cases, only the central bank intervenes and that is exactly what India’s central Bank (RBI) has been doing.On June 17th 2012, RBI left the interest rates unchanged and put the market in dismay. At this point in time, India is facing some major changes like slow growth, high inflation, falling of the rupee, slowdown of Foreign Investment Inflow and Balance of payment problems. In 1980’s, India startedRead More →

Last year in November,2011, Indian Banking industry had been downgraded by Standard & Poor’s (S & P) from stable to negative. The US credit crunch and Euro Zone crisis have had a major role to play in the downfall of some of the other major economies in the world.When asked last year on the reaction of the downgrade, the government called it of ‘no significance’ and said that the financial system was much healthier and stronger owing to country’s strong lending system.This rank was looked through by Financial Services Secretary D.K. Mittal who said “We are not concerned. We are not affected by the downgrade. Looking atRead More →

LOS CABOS,Mexico A group of Finance Ministers and Central Bank Governors form G20. These are from 20 major economies namely: Mexico, India, USA, UK, Turkey, Argentina, South Africa, Saudi Arabia, EU, France, South Korea, China, Brazil, Australia, Japan, Russia, Germany, Mexico, Canada and Indonesia. The key issues and strategies towards achieving a stable global economy is the main purpose of these meets.With the major crisis faced in Europe this meet becomes very important. The question raised in many minds is ‘will this meet have any significant results or not?’ With the wide differences in views between the rich and the developing nations, it is unlikelyRead More →

Japan faces a history of ten years of repeated recessions followed by stagnation. As a sharp contrast to the stable performance in and before 1980’s, 1990’s was referred to as the “lost decade” by the Japanese. This area is identified as important since Japanese banks, two decades ago, were amongst the strongest in the world and hence their decline serves as a warning and an example to the rest of the world. In 1980s, Japanese banks surpassed the American competition and emerged stronger than the American banks, having market share of 25% of the banking businesses inCalifornia and 15% across the world. What experts failedRead More →

Trade and tourism has always been one of the greatest contributions in Dubai’s growing economy. Growth in the gross domestic product of the debt-laden emirate is “expected to be over 4.5 percent in 2012,” said Sheikh Ahmed bin Saeed Al-Maktoum, the head of the Dubai Economic Sector Committee. The reaction to the economy of Dubai has been positive, despite its economic contraction in 2009 that adversely affected UAE’s construction sector. The economy phase in 2009 saw the aftershocks of the global financial meltdown. At this point, the well performing trade and tourism sector balanced the country’s economy. Adding to this, the Dubai Shopping Festival opened global doors for trade and tourism andRead More →

The factors affecting a country’s growth are many depending whether a country is developing, developed or under developed. India is a developing country and is moving fast towards being a developed one. Population plays a vital role in the drawing a difference between a developing and a developed country. Developing countries strive to attain a considerable degree of industrialization in relation to their populations having a low standard of living. Hence it is right to ay that there is a significant. There is a strong connection between low income and a high population growth. The definition of developed country is still debatable but usually itRead More →

“IP Valuation- is it an option or a duty?” ‘Intellectual capital is recognized as the most important asset of many of the world’s largest and most powerful companies………’ In recent years, companies have been highly competitive and seem to have a short product cycle. One of the major reasons is the technology driven market and the rush of mergers and acquisitions in the industries. Due to the information age, valuation of certain intangible assets at initial stage of a product life cycle becomes crucial for the welfare of the company. One such asset is Intellectual property (IP). Not only are there accountants, IP valuators, IPRead More →